Secured Retirement Advisors LLC Invests $1.08 Million in Generac Holdings Inc. (NYSE:GNRC)

Secured Retirement Advisors LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 6,963 shares of the technology company’s stock, valued at approximately $1,080,000.

Other institutional investors also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in shares of Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its holdings in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new position in Generac in the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new stake in Generac in the third quarter valued at $31,000. Finally, SouthState Corp purchased a new stake in shares of Generac during the 3rd quarter worth $32,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Down 0.0 %

Shares of Generac stock opened at $146.80 on Friday. The firm has a market cap of $8.73 billion, a PE ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The business’s fifty day moving average is $156.31 and its two-hundred day moving average is $160.57.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. Analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GNRC. Roth Mkm increased their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler reduced their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group boosted their price target on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company dropped their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group decreased their target price on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.